At WALVIS BAY, Namibia, in a move set to redraw Southern Africa’s economic landscape, Nigerian industrialist Aliko Dangote has officially launched a $2.5 billion petroleum storage and pipeline mega-project in Walvis Bay alongside Namibian President Netumbo Nandi-Ndaitwah.
Unveiled on November 4, 2026, the ambitious venture addresses both large-scale regional trade and daily community needs, promising lower pump prices, steady energy access, and thousands of localized employment opportunities.
Driving Force: Regional Markets & Pan-African Integration
The expansion provides a vital export outlet for the $20 billion Dangote Petroleum Refinery in Lagos, which produces between 650,000 and 700,000 barrels per day. By channeling refined fuel directly into Southern Africa, the initiative reduces dependence on volatile European and Asian supply chains.
The project advances the vision of the African Continental Free Trade Area (AfCFTA), demonstrating how intra-African trade can solve local infrastructure bottlenecks without relying on intercontinental imports.
Scaled-Up Storage: The Walvis Bay Mega-Hub
Occupying a 70-hectare site at Farm 58 near Walvis Bay, the expanded tank farm will store approximately 4 million barrels (600 million liters)—comprising 360 million liters of diesel and 240 million liters of gasoline. This facility boasts roughly eight times the storage capacity of Namibia’s existing state-owned Namcor facility.
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